News from
THE MICHIGAN DEMOCRATIC PARTY
FOR IMMEDIATE RELEASE                                                      
Contact: Liz Kerr
517-371-5410
March 24, 2008

Walberg's Workshops on Foreclosure Can't Cover Up His Votes Against Protection and Assistance

 LANSING--Congressman Tim Walberg is spending his vacation attempting to cover up his votes against efforts to prevent predatory lending and to offer foreclosure assistance to struggling homeowners. Walberg has repeatedly made statements that he does not believe the foreclosure issue is a priority, but he is saying something different back home.

“Tim Walberg has done nothing to stop foreclosures while in DC and now he claims to care when he realizes voters may make him pay for it in November,” said Michigan Democratic Party Chair Mark Brewer. “His hypocrisy on critical economic issues is hurting Michigan and no amount of political pandering back home can hide that fact.”
 
In October, Walberg voted against H.R 2895 to provide low-interest loans to struggling homeowners. Then in November, he voted against H.R. 3915, which put more oversight on loan officers and prevents predatory lending.

Walberg had this to say about the foreclosure crisis in a November TIME Magazine story:

Walberg said he's not worried. “Michigan's got far more problems than just this.”

And he went on:

“I think the market always works when you let it,” Walberg told TIME just before voting against the measure. “When you make a law like this - politically posturing on the basis of probably no more than the 10% or 15% of the loans that were made were fraudulent and took advantage of people, and the rest were good - it moves away from necessity to pure political gotcha.”

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Paid for by the Michigan Democratic State Central Committee, 606 Townsend St., Lansing, MI  48933. Not authorized by any candidate or candidate’s committee.